The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2024, having grown by 1.7% in 2023. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest educational building construction projects initiated globally in Q3 2024, according to GlobalData’s construction projects database.
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1. Guangdong Provincial Committee of CPC Party School New Campus
The project involves the construction of a school on a 352,060m2 GFA in Huangpu District, Guangzhou, Guangdong, China.
Construction work started in Q3 2024 and is expected to be completed in Q4 2026.
2. Haslam College of Business Building
The project involves the construction of a 22,649m2 Haslam College Building in Knoxville, Tennessee, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q4 2027.
3. Orel Interuniversity Student Campus
The project involves the construction of a five-story interuniversity campus on a 66,000m2 in Oryol, Orel Oblast, Russia.
Construction work started in Q3 2024 and is forecast to complete in Q4 2026.
4. North Springs High School Campus
The project involves the construction of a high school campus on 6.5ha of land in Sandy Springs, Georgia, the US.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2027.
5. New Windham Middle School
The project involves the construction of a 24,340m2 middle school with a 1,200-student capacity in Windham, Maine, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
For more details on the latest construction projects, buy the profiles here.
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